Ravi meets Nepali counterpart

 Finance Minister Ravi Karunanayake met his counterpart of Nepal, Krishna Bahadur Mahara during the South Asian Sub Regional Economic Summit held in New Delhi recently. The two ministers discussed several issues important to both countries at regional level.

Hameedia launches India’s PRO shoe care range

Strengthening its product portfolio, Hameedia, the local menswear specialist, recently introduced a new range of shoe care products to the local market with the launch of India’s PRO shoe care. The PRO shoe care range of products offers eight focused categories for shoe and leather care called: clean, care, colour, shine, renew, fresh, protect and accessories.

IAA gets power-packed board this year

A galaxy of experience and star performers form this year’s dynamic new IAA board. Unanimously elected as president for the 3rd time running was Dentsu  Grant Vice President, Laila Gunesekere-

The biggest CFW to date concludes with Celebrating Colombo

HSBC Colombo Fashion Week concluded its summer season as the biggest, under the theme ‘Celebrate Colombo’ in association with Sri Lanka Tourism. Hosted at Hilton Colombo, CFW, in its 

Cavinkare Launches ‘Indica Easy Shampoo Based Hair Colour’ -The next Hair Colour Revolution in Sri L

Time is of essence in today's fast paced world, so consumers are reluctant having to spend almost over an hour on hair coloring every month. Plus while using conventional hair dyes we also need the 

Oman Air takes off to Nairobi

Oman Air, the national carrier of the sultanate of Oman, launches its new four times weekly flight from Muscat to the Kenyan capital of Nairobi; the latest move in the airline’s ambitious and dynamic 

Agalawatte Plantations back in spotlight for all wrong reasons

A case of major corporate skullduggery has been unearthed at Agalawatte Plantations PLC (AGAL), where the ex-owners and the management were alleged to have squandered billions of rupees on extravagant projects, duping employees, bankers and shareholders.

MAS to acquire US-based seamless apparel maker for US $ 20mn

Sri Lanka’s largest export firm, MAS Holdings, is set to acquire an apparel manufacturing factory in the United States for US $ 20 million, marking the homegrown apparel giant’s first foray into production in the western hemisphere. 

SriLankan to resume normal operations as BIA reopens fully for business

SriLankan Airlines yesterday said it would resume the normal operations throughout its global route network from tomorrow, following the resumption of the full services at Colombo’s Bandaranaike International Airport (BIA), which had been partially closed for three months while its runway underwent resurfacing.

Browns Beach to go for Rs.1.4bn rights issue

Browns Beach Hotels PLC (BBH) is expecting to raise Rs.1.4 billion through a rights issue on April 24, amid protest from the major shareholders due to the devalued market prices of the BBH shares.  Last August, BBH’s director board had approved a plan to issue five new ordinary shares for every 12 ordinary shares held by the shareholders for a total issue of 54 million shares for a consideration of Rs.25.85 per share. However, the mark

CMTA says vehicle assembly with used spare parts against Customs laws

The Ceylon Motor Traders’ Association (CMTA) yesterday said the decision by the government to allow the assembling of motor vehicles locally with used imported spare parts violates the Customs regulations and endangers the lives of the buyers of such vehicles. 

SilkAir offers special fares to Singapore

SilkAir, the regional wing of Singapore Airlines (SIA), announced the commencement of its services between Singapore and Colombo by giving more reasons for customers to travel to Singapore with their morning flights.

UTE-HNB combine strengths to support Sri Lanka’s SMEs

The country’s youth, especially the small and medium entrepreneurs, need reliable and efficient tools together with financial support to boost their businesses. In an initiative to help small and medium enterprises (SMEs) remain competitive and meet an increased demand for energy-efficient 

Malaysian F1 to offer unmatched prices for Sri Lankan fans

In line with the 19th edition of the F1 Petronas Malaysia Grand Prix, Tourism Malaysia, Sepang International Circuit and Malaysian Airlines are offering attractive air fares and packages at unprecedented prices for Sri Lankan fans. 

Smartphones are not our enemy, says Canon Singapore President

Canon Singapore President/CEO Noriko Gunji was in Colombo recently on the invitation of Sri Lanka’s Metropolitan group, Canon’s local distributor for almost 40 years. Based in Singapore, Gunji is responsible for leading and overseeing the sales and marketing operations in the dynamic region, which spans 23 markets.

UL Cargo plans to increase contribution to SriLankan’s overall revenue by 15-20%

As the debt-laden national carrier is on the lookout for avenues to reduce its losses, SriLankan Cargo yesterday shared its plans to boost contribution to the  airline’s revenue.

IFS Applications to power rapid expansion of three leading Lankan manufacturers

IFS, the global enterprise applications company, announced that Sri Lankan manufacturing sister companies Cable Solutions Lanka, Prime Packaging Lanka, and Quality Floors Lanka Ltd, have selected IFS Applications 9 as their company-wide enterprise resource planning (ERP) system.

Little Asia Emporium offers range of discounts for Sinhala and Hindu New Year

Little Asia Emporium, a leading showroom for ready-made garments is coming up with a fabulous pack of discounts for their valuable customers to match with their reputation in their trade of saris and wedding dresses. 

Samsung Sri Lanka hits record sales of Rs.2.5bn in March 2017

Samsung Sri Lanka succeeded in achieving a record sale of Rs 2.5 billion in March 2017 with the contribution of its partners - Singer, Singhagiri, JKOA, Softlogic Mobile and Softlogic Retail.

Hilton inks landmark deal to manage six Lankan properties

The local tourism scene will see the addition of a series of luxury properties within the next five years with the global hospitality giant, Hilton Hotels & Resorts, yesterday inking a deal with a local property developer to manage six top-notch leisure properties. 

Shares hit near 3-month closing high on foreign buying

REUTERS: Sri Lankan shares rose yesterday to their highest close in nearly three months led by blue chips such as John Keells Holdings PLC, as continued foreign buying boosted sentiment. The Colombo stock index ended 0.84 percent firmer at 6,198.32, its highest close since January 16. The index rose 1.1 percent last week, posting its first weekly gain in six.

DFCC offers benefits for Vardhana Virtual Wallet users this Avurudu season

The Avurudu season is a time for families to come together and celebrate the New Year while sharing gifts and unforgettable moments and DFCC Bank is pleased to announce exciting benefits for DFCC’s Vardhana Virtual Wallet (VVW) users during the upcoming Avurudu season. 

Laugfs group IT marks another milestone achievement with ISO/IEC certification

Marking yet another milestone in their relentless quest to provide world class services, Laugfs group IT received ISO/IEC 27001:2013 certification for the recently implemented Information Security Management System (ISMS) from Bureau Veritas. 

Cool Planet celebrates Avurudu with new store in Maharagama

Cool Planet heralds the Sinhala and Tamil New Year with the opening of its brand new store in the bustling town of Maharagama. 

Colombo Tech Startup Seminar to take Sri Lankan startups to global marketplace

The country’s ultimate tech startup event is here to take the Lankan startup ecosystem by storm – from providing access to investors and global tech leaders, to sessions on the latest trends and tools to accelerate your idea to market, the Colombo Tech Startup Seminar 2017 will be a one-stop shop for everything and everyone related to  tech startups.

Odel welcomes summer with stylish ‘Hola!’

In a new collection that will instantly have fashionistas queuing to fit on, style authority Odel has perfectly captured the vibe and faded charm of Cuban aesthetics to welcome the summer fashion season with a resounding ‘Hola!’

Rum Punch makes waves with strategic partnership

Homegrown swimwear brand, Rum Punch, has ventured into a strategic partnership with MAS Linea Aqua and Affno, to offer innovative customization capabilities to a global customer base.

Alex Lee to lead TKS Finance

The board of directors of TKS Finance Limited has appointed Alex Lee as Acting CEO of TKS Finance Limited, with effect from March 29, 2017 and the appointment has received the approval of the Central Bank of Sri Lanka. 

Aitken Spence Travels records landmark 150,000 visitors

Aitken Spence Travels, the largest inbound operator of the country closed the 2016/17 financial year with a total inbound volume exceeding 150,000 visitors to  Sri Lanka. The year’s performance builds on the previous year’s record high 129,000 visitors, signalling continued growth for  the country.

Ceylon Café opens at Grande Gourmet launching special crab menu

Sri Lankan food is probably the tastiest in the whole world. Recently there has been an explosion in  interest regarding Sri Lanka’s ancient, multi-facetted cuisine which has three types of curry: white, red and black.